Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.

TSXV:MAE - Post by User

Maritime Resources Corp > No Reverse Stock Split. Why?

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Comment by ggrelletteon Dec 31, 2021 1:12pm

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Post# 34274299

RE:RE:RE:RE:RE:No Reverse Stock Split. Why?

So in all the RSS will not benefit share holders unless it means they are going into production very shortly. The RSS as a jr. exploration play will be bad for share holders based on where you bought the stock.

Now if there are 400 million verses 40 million shares outstanding it makes a huge difference when it comes to financing. Many financiers force companies to consolidate shares which will disadvantage existing shareholders if they are in at higher prices.

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